KCG Holdings Inc. Buys New Stake in Healthcare Services Group, Inc. (HCSG)

KCG Holdings Inc. purchased a new position in Healthcare Services Group, Inc. (NASDAQ:HCSG) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,392 shares of the business services provider’s stock, valued at approximately $232,000.

Several other institutional investors have also added to or reduced their stakes in HCSG. Emerald Advisers Inc. PA purchased a new stake in shares of Healthcare Services Group during the first quarter valued at $204,000. Harfst & Associates Inc. purchased a new stake in shares of Healthcare Services Group during the first quarter valued at $206,000. Park National Corp OH purchased a new stake in shares of Healthcare Services Group during the first quarter valued at $212,000. Everence Capital Management Inc. purchased a new stake in shares of Healthcare Services Group during the first quarter valued at $213,000. Finally, Atria Investments LLC purchased a new stake in shares of Healthcare Services Group during the first quarter valued at $223,000. 92.67% of the stock is currently owned by institutional investors.

Healthcare Services Group, Inc. (NASDAQ HCSG) opened at 50.62 on Friday. The company has a 50 day moving average of $51.02 and a 200-day moving average of $46.05. Healthcare Services Group, Inc. has a 12-month low of $34.83 and a 12-month high of $54.28. The stock has a market cap of $3.70 billion, a P/E ratio of 44.40 and a beta of 0.61.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Tuesday, July 11th. The business services provider reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The company had revenue of $470.90 million for the quarter, compared to the consensus estimate of $425.24 million. Healthcare Services Group had a return on equity of 24.12% and a net margin of 5.07%. Healthcare Services Group’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. Equities analysts forecast that Healthcare Services Group, Inc. will post $1.25 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, August 18th will be given a dividend of $0.1888 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.49%. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, August 16th. Healthcare Services Group’s payout ratio is presently 65.22%.

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Several equities research analysts have recently commented on the stock. BidaskClub cut shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Friday, July 14th. Credit Suisse Group reiterated an “outperform” rating and issued a $56.00 price target (up from $50.00) on shares of Healthcare Services Group in a research note on Thursday, July 13th. Stifel Nicolaus restated a “buy” rating and set a $50.00 price objective (up from $48.00) on shares of Healthcare Services Group in a research note on Wednesday, July 12th. Finally, Robert W. Baird raised their price objective on shares of Healthcare Services Group from $47.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, July 12th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $53.00.

In other news, Director Robert L. Frome sold 5,000 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $53.00, for a total value of $265,000.00. Following the sale, the director now directly owns 20,501 shares in the company, valued at $1,086,553. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John Christopher Shea sold 4,750 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $52.00, for a total value of $247,000.00. Following the completion of the sale, the chief financial officer now owns 7,157 shares in the company, valued at $372,164. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,235 shares of company stock worth $2,494,065. 4.30% of the stock is owned by company insiders.

About Healthcare Services Group

Healthcare Services Group, Inc provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

Institutional Ownership by Quarter for Healthcare Services Group (NASDAQ:HCSG)

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